Deutsche Bank Cuts Delta Air Lines Price Target By ~15%

Deutsche Bank analyst Michael Linenberg lowered the price target on Delta Air Lines, Inc. DAL to $47 from $55 while maintaining the Buy rating on the shares.
The analyst noted management comment that overall demand remains strong through the summer and into fall.
Related: Why Delta Air Lines Shares Are Sliding Today
Linenberg believes the robust leisure and corporate demand trends back another double-digit operating margin quarter.
Meanwhile, the reduced price target mirrors rising costs.
Price Action: DAL shares are trading higher by 0.61% at $29.88 on the last check Thursday.
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